Global asset finance company DLL and electric vehicle (EV) fast-charging solutions provider Kempower,are partnering to provide financing solutions designed to accelerate the deployment and accessibility of EV chargers.
The move will impact the United Kingdom, Denmark, Finland, Norway, Sweden, Italy, Spain as well as Australia and New Zealand, with more markets expected to follow soon.
Kempower is committed to making Direct Current (DC) EV fast-charging more accessible. This partnership with DLL will allow Kempower to deliver customized financing solutions to meet customer requirements while helping to lower upfront costs of EV charging infrastructure. Leveraging DLL’s expertise in financial services and its global network, Kempower can support its customers with flexible, more efficient financing options, further promoting the widespread adoption of EV chargers in key markets.
Financing solutions, which may vary by market, will include options such as financial leasing, operational leasing, and retail instalment contracts, each with distinctions to support business needs.
A financial lease is designed for organisations looking to maintain their working capital, by spreading the cost of the equipment out via regular payments over the term period. For businesses still seeking adaptability and a shorter-term commitment, the operational lease offers both short-term and long-term rental plans.
Jussi Vanhanen, Chief Market Officer at Kempower said:
“In today’s world, where the cost of capital is high, we’ve listened to our customers and responded with financing solutions that can make EV charger deployment easier and more affordable.
“These financing solutions will be designed to maximize customer capital efficiency, enabling them to invest in growth, rather than upfront costs.”
DLL’s Global Head of Energy Transition Adrian Leach, comments:
“We are excited to partner with Kempower, an organisation who shares in our ambition of being a ‘transition partner for a better world.’ This partnership will provide Kempower’s customers access to financing solutions that can enable them to obtain the equipment they need to be successful.”
